JPMorgan Chase & Co. Sells 1,290,086 Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

JPMorgan Chase & Co. lowered its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 52.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,191,775 shares of the company’s stock after selling 1,290,086 shares during the period. JPMorgan Chase & Co. owned 0.06% of Polestar Automotive Holding UK worth $2,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of Polestar Automotive Holding UK by 78.3% during the third quarter. Tidal Investments LLC now owns 468,741 shares of the company’s stock worth $806,000 after acquiring an additional 205,890 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Polestar Automotive Holding UK by 444.0% during the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock worth $1,471,000 after acquiring an additional 697,820 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Polestar Automotive Holding UK during the third quarter worth approximately $468,000. XTX Topco Ltd boosted its holdings in shares of Polestar Automotive Holding UK by 91.5% during the third quarter. XTX Topco Ltd now owns 288,564 shares of the company’s stock worth $496,000 after acquiring an additional 137,907 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Polestar Automotive Holding UK by 125.4% during the third quarter. Captrust Financial Advisors now owns 46,615 shares of the company’s stock worth $80,000 after acquiring an additional 25,930 shares during the period. Institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Stock Up 0.9 %

Shares of NASDAQ:PSNY opened at $1.10 on Wednesday. The firm has a market cap of $2.35 billion, a P/E ratio of -1.93 and a beta of 1.53. Polestar Automotive Holding UK PLC has a 12-month low of $0.61 and a 12-month high of $2.33. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.15.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PSNY shares. Cantor Fitzgerald reissued a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. Bank of America started coverage on Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a “neutral” rating and a $1.25 price target on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Polestar Automotive Holding UK currently has an average rating of “Hold” and a consensus target price of $1.53.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.